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Proactive news headlines: Accesso, Diversified Energy Company, Trident Royalties and more

Published: 19:30 22 Mar 2022 AEDT

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Infinity Lithium Corporation Ltd (ASX:INF)’s Spanish subsidiary is set to collaborate with local business clusters on a lithium-ion battery training and development program.

INF’s wholly-owned subsidiary, Extremadura New Energies, has inked a deal with what’s known as the Group of Innovative Companies — a collective founded by Spain’s Extremadura Electric Mobility Cluster (CarEX) and business association LOABRE.

SensOre Ltd (ASX:S3N) has teamed up with Unico, a dedicated arm of global IT and business consulting firm CGI, to further commercialise SensOre’s mining exploration technology platform.

The project is an opportunity to expand SensOre’s current client services to a cloud-based software as a service (SaaS) product.

IQGeo Group PLC (AIM:IQG) results on Tuesday were ahead of expectations that had been lifted only a few weeks ago, house broker finnCap said, reiterating its 158p target price.

The 158p target is based on an enterprise value (EV) multiple of 3.5 times sales for next year as the business scales and turns cash profitable, with the broker targeting “substantial profitability” in 2023.

Diversified Energy Company PLC (LSE:DEC, OTCQX:DECPF) chief executive Rusty Hutson described “another year of consistent operational excellence” and said the company’s performance was driven by its low-risk, long-life, low-decline asset acquisition model.

Financial results for the 12 months ended 31 December confirmed a 19% rise in production for 2021, at an average rate of 119,000 barrels oil equivalent per day, and a 24% increase in revenue to US$687mln (adjusted to account for US$321mln of commodity price hedges).

Onshore renewables and nuclear power seem to be the government’s remedies to wean the UK off energy from places such as Russia and Saudi Arabia.

Boris Johnson told a group of nuclear yesterday that the government wants to get the amount of electricity generated by the sector up to 25% from 16% currently in what was a major shift in government thinking on energy supply.

Having white-knuckled through Covid lockdowns investors in Accesso Technology Group PLC (AIM:ACSO, OTC:LOQPF) are again seeing the AIM-quoted stock as something of a thrill-ride, as parks reopened though 2021.

Accesso was boosted on Tuesday by upbeat set of financial results which, in the words of chief executive Steve Brown, saw a "simply outstanding" performance for the theme park ticketing and virtual queuing services firm.

Spectrum X Holdings UK Ltd, the healthcare and pharmaceutical company tapping the potential of hypochlorous acid, has made two key appointments ahead of its planned IPO in late spring.

Barry Saint is joining the business as chief financial officer, while Debra Leeves has been recruited as an independent director. Both have impressive CVs.

Sirius Real Estate Limited (LSE:SRE, JSE:SRE, OTC:SRRLF) is to convert its UK business to a UK real estate investment trust (REIT) from 1 April 2022.

The owner and operator of branded business and industrial parks in Germany and the UK said the proposed REIT conversion follows the company's UK acquisition of BizSpace in November 2021.

ReNeuron Group PLC (AIM:RENE) said Dr Tim Corn and Mark Evans resigned as non-executive directors of the stem cell and exosomes technology business. 

Meanwhile, Martin Walton joins as a non-executive director, a statement said. 

IQGeo Group PLC (AIM:IQG) said it expects to break-even this year after making "substantial progress” in all regions and boosting revenue.

The provider of geospatial productivity and collaboration software for the telecoms and utility industries signed a record 76 new customer logos in the 12 months ended 31 December.

Caracal Gold PLC (LSE:GCAT) said construction of a new heap leach plant to help maximise the gold recovered from its Kilimapesa mining and processing operations in Kenya is on schedule and is expected to positively impact cash flow, in line with the company's projections.

The first 5,000 tonnes per month (tpm) pad for the heap leach operation has been completed, loaded with ore and is being commissioned. It will act as a 'pilot plant', with the full heap leach plant operation to be expanded up to a capacity of 20,000tpm, said London-listed Caracal.  

Chief executive Steve Brown described Accesso Technology Group PLC's (AIM:ACSO, OTC:LOQPF) record 2021 performance as "simply outstanding" as the company provided a "cautiously optimistic" assessment of prospects for the current year.

In the 12 months ended 31 December, accesso, which provides ticketing and queuing solutions for theme parks and entertainment venues, saw its revenues grow 123% to US$124.8mln. This resulted in a 346% increase in earnings (EBITDA) to US$28.1mln. It ended the period with net cash of US$64mln.

Alien Metals Ltd (AIM:UFO, OTC:ASLRF) has completed its acquisition of a 100% interest in the Munni Munni platinum group metals and gold project in the West Pilbara region, Western Australia.

The Munni Munni project is currently subject to a joint venture between Artemis Resources Limited and Platina Resources Limited.

Trident Royalties PLC (AIM:TRR) said it received its inaugural shipment under a gold offtake with Nevada-focussed i-80 Gold Corp.

The first gold delivery came from the processing of stockpiled material from Ruby Hill and ongoing gold extraction from an existing heap leach pad and was the first gold sale in i-80’s history.

Cellular Goods PLC (LSE:CBX) has announced the departure of its chief operating officer and the appointment to a new senior role – chief supply chain officer.

COO Eric Chang, who was instrumental in bringing the company to the market, will leave on April 15 after 14 months with the business. He will not be replaced.

Sovereign Metals Ltd (ASX:SVM, AIM:SVML) has received promising results from an independent Life Cycle Assessment (LCA) Study analysing the global warming potential (GWP) of natural rutile to be produced at the company’s flagship Kasiya Rutile Project in Malawi, one of the world's largest natural rutile deposits.

The study – undertaken by Minviro Ltd – concluded that Sovereign’s rutile product is expected to have substantially lower GWP (Scope 1,2, and 3 emissions) compared to other titanium feedstocks like synthetic rutile or titania slag.

Australian Strategic Materials signs US$600 million LoI

Rowena Smith, CEO and managing director of Australian Strategic Materials Ltd (ASX:ASM, OTC:ASMMF), joins Jonathan Jackson in the Proactive studio to discuss the company’ s Dubbo Project, in Central West New South Wales. This project aims to extract and process critical minerals and rare earth...

12 hours, 7 minutes ago